ICBA News Release
FOR IMMEDIATE RELEASE
United Banker’s Bank Delivers a Commitment to ICBA’s iHELP® Student Loan Program
Referral program helps community bank access $150 billion private student loan market
Washington, D.C. (Jan. 31, 2013)—United Bankers’ Bank (UBB) is the latest member bank of the Independent Community Bankers of America® (ICBA) to commit loan capital to the iHELP® private student loan program. Headquartered in Bloomington, Minn., UBB has community bank customers in 13 states and will be a sponsor of the iHELP referral program. The referral program enables community banks to offer student loan services to their customers.
“Through the iHELP Private Student Loan program, community banks can have a real impact on the financial future of their customers and local economies. We’re thrilled that United Bankers’ Bank is helping its members access the iHELP Private Student Loan program, which enables community banks to tap into the $150 billion market for private student loans,” said Dan Clancy, executive vice present of services at ICBA. “UBB’s unique Referral Partner Program will enable community banks to refer customers to iHELP, when previously they would have gone to a competitor for their private student loan needs.”
Kevin Bostrom, UBB’s senior vice president and chief credit officer, said, “Tapping into the private student loan market will unlock opportunities for community banks to cultivate important relationships with young customers and their families. In addition to helping young adults achieve their education goals, community banks participating in the iHELP program can expand and diversify their consumer loan portfolios.”
Kevin Moehn, iHELP’s private student loan program manager, stated, “We share ICBA’s and UBB’s commitment to providing outstanding customer service and working with students to make sure they understand their loan. In addition, iHELP provides free resources on U.S. college costs, average salary by career and location, and scholarship links so students can make an informed decision and reduce their net cost of college.”
For more information about the iHELP private student loan program, contact Kevin Moehn Program Manager at firstname.lastname@example.org or (571) 313-1307.
About iHELP private student loans
The iHELP Private Student Loan Program is provided through more than 5,000 community minded member banks of the Independent Community Bankers of America (ICBA). iHELP and its lending partners are committed to helping students and their families make informed decisions about their plans for higher education, providing current resources on school costs, estimated salaries for various careers , and providing free access to more than 17,000 available scholarships . The Student Loan Finance Corporation administers iHELP for its banks and has more than 30 years of experience in the student loan business. For more information, please visit www.ihelploan.com.
About United Bankers’ Bank
Headquartered in Bloomington, Minn., United Bankers’ Bank is the wholly owned banking subsidiary of United Bankers’ Bancorporation, Inc. UBB – the nation’s founding bankers’ bank – provides deposit, lending, investment and consulting services to more than 800 community banks in 13 states located throughout the Upper Midwest and Pacific Northwest. For more information, visit www.ubb.com or call 800-752-8140.